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Digiron [165]
4 years ago
8

A company estimates that overhead costs for the next year will be $8,320,000 for indirect labor and $155,500 for factory utiliti

es. The company uses machine hours as its overhead allocation base. If 400,000 machine hours are planned for this next year, what is the company's plantwide overhead rate
Business
1 answer:
Serhud [2]4 years ago
7 0

Answer:

The company's plantwide overhead rate is 21.19%

Explanation:

given information:

indirect labor = $8,320,000

factory utilities = $155,500

machine hours = 400,000

to calculate the overhead rate, we can use the following formula

overheadrate = \frac{Indirectcost}{allocationmeasure}

in this case.

the indirect cost = indirect labor + factory utilities

                           = $8,320,000  + $155,500

                           = $8,475,500

allocation measure = 400,000

thus,

overheadrate = \frac{8,475,500}{400,000}

                     = 21.19%

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On January 1, 2020, Shay Company issues $700,000 of 10%, 15-year bonds. The bonds sell for $684,250. Six years later, on January
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Answer:

Discount on bonds issuance = $15750

Explanation:

A bond is issued at a discount when the issue price of the bond is less than the face value of the bond. This usually happens when the coupon rate paid by the bond is less than the market interest rate. To calculate the amount of discount on bonds issuance, we simply deduct the issue price from the face value of the bond. Thus,

Discount on Bonds = Face value - Issue price

As we know the face value of the bonds is $700000 and the issue price is $684250, we can calculate the discount on issuance to be,

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7 0
3 years ago
The UCC requires that HDCs take instruments in good faith. This means that: a.the holders must have performed a special oath bef
guapka [62]

Answer: d.the holders must have acted honestly and observed all reasonable commercial standards of fair dealing.

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For an instrument to be negotiable, it should be noted that the UCC requires that such instrument have to be signed by the maker or the drawer.

The UCC requires that HDCs take instruments in good faith. This means that the holders must have acted honestly and observed all reasonable commercial standards of fair dealing.

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4 years ago
Ironically, while the leaders of Enron Corporation were manipulating the company's finances for their personal benefit, the comp
faltersainse [42]

Answer:

Correct option is (d)

Explanation:

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4 0
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Answer:

A. outsourcing allows the company to focus on its primary function

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3 years ago
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